Vaarad Ventures Limited reported a loss for the financial year ended March 31, 2026, as the company's Board of Directors approved the audited financial results on May 28, 2026. The meeting, held in Mumbai, concluded with the declaration that there are no adverse comments in the Audit Report. The company confirmed that the results will be published in the Business Standard and Mumbai Lakshadeep newspapers.

The auditors, J. D. Jhaveri & Associates, issued an unmodified opinion on the standalone and consolidated financial statements. The report noted that the financial statements of subsidiary companies were not audited for the year ended March 31, 2026, and the auditors relied on unaudited financial statements certified by the management. The auditors also highlighted that the company maintains certain records in Microsoft Excel, which lacks an audit trail feature, resulting in a partial non-compliance with Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014.

The standalone financial statements reveal a loss before tax of ₹15.47 lacs for FY26, compared to a loss of ₹11.35 lacs in the previous year. The company reported a net cash outflow from operating activities of ₹3.20 lacs. Total assets stood at ₹3,106.06 lacs as of March 31, 2026, a decrease from ₹3,382.92 lacs in the previous year. Equity share capital remained constant at ₹2,499.03 lacs, while other equity decreased to ₹398.38 lacs from ₹413.63 lacs.

On a consolidated basis, the company reported a loss before tax of ₹21.90 lacs for FY26, widening from a loss of ₹23.35 lacs in FY25. Total consolidated assets were ₹2,829.54 lacs, slightly down from ₹2,830.13 lacs in the prior year. Consolidated equity decreased to ₹2,207.17 lacs from ₹2,229.07 lacs. The net cash generated from operating activities was negative at ₹21.72 lacs.

The auditor's report also disclosed a dispute regarding income tax dues amounting to ₹51.44 lacs for FY 2009-10, which is pending before the Assessing Officer in Mumbai. The company confirmed it has not incurred cash losses during the financial year covered by the audit or the immediately preceding financial year. There were no material uncertainties regarding the company's ability to meet its liabilities within one year from the balance sheet date.

Standalone Financial Highlights (FY26)

Consolidated Financial Highlights (FY26)

Vaarad Ventures Limited has notified the stock exchange of an upcoming Board of Directors meeting, pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was issued on May 16, 2026, and pertains to the consideration and approval of the company's audited financial results for the most recently concluded fiscal year.

Board Meeting Details

The meeting of the Board of Directors is scheduled to be held on Thursday, May 28, 2026, at 5:00 PM. The following key details have been disclosed:

Agenda of the Meeting

The primary agenda of the board meeting is to consider, approve, and take on record the Standalone and Consolidated Audited Financial Results of the company for the Quarter and Year ended March 31, 2026. Any other item may also be taken up with the permission of the Chair.

Trading Window Closure

In accordance with the Code of Conduct for Prevention of Insider Trading, framed pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of Vaarad Ventures Limited shall remain closed until 48 hours after the financial results approved at the meeting are made public. This measure is in place to prevent any potential misuse of unpublished price-sensitive information.

The intimation was signed by Leena Vikram Doshi, Managing Director (DIN: 00404404), on behalf of Vaarad Ventures Limited.